So far the boys have coloured in the London and United Kingdom Flags and the Olympic Rings.
We have made biscuits with the cookie press that I just bought and decorated them to make them look like the Olympic Rings.
And we have made an Olympic Torch. I purchased an A3 piece of gold cardboard from Kmart and rolled it up and taped it in place. Then added a rolled up piece of orange paper surrounded by gold cellophane for the flame. It is all taped into place.
Here are some links of some great sites for information on the Olympics:
2012 London Olympics Colouring.
London Olympics Education
Olympics 2012 Teaching Resources
Homeschool Share Oympics 2008 Lapbook (can use a lot of it for 2012)
Teacher Planet Summer Olympics Resources
Activity Village London Theme